Amundi Boosts Stock Holdings in Gibraltar Industries, Inc. (NASDAQ:ROCK)

Amundi boosted its position in shares of Gibraltar Industries, Inc. (NASDAQ:ROCK - Free Report) by 186.9% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 15,393 shares of the construction company's stock after acquiring an additional 10,027 shares during the quarter. Amundi owned about 0.05% of Gibraltar Industries worth $908,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted its position in Gibraltar Industries by 296.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 709 shares of the construction company's stock worth $42,000 after acquiring an additional 530 shares during the period. Atticus Wealth Management LLC acquired a new position in shares of Gibraltar Industries in the 4th quarter valued at about $53,000. Quarry LP lifted its holdings in shares of Gibraltar Industries by 33.3% in the 3rd quarter. Quarry LP now owns 1,318 shares of the construction company's stock valued at $92,000 after buying an additional 329 shares during the period. KBC Group NV lifted its holdings in shares of Gibraltar Industries by 50.2% in the 4th quarter. KBC Group NV now owns 1,436 shares of the construction company's stock valued at $85,000 after buying an additional 480 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of Gibraltar Industries by 106.6% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 1,806 shares of the construction company's stock valued at $126,000 after buying an additional 932 shares during the period. Institutional investors and hedge funds own 98.39% of the company's stock.

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Analysts Set New Price Targets

Separately, StockNews.com raised Gibraltar Industries from a "buy" rating to a "strong-buy" rating in a report on Thursday, February 20th.

Gibraltar Industries Stock Down 5.1 %

Shares of ROCK stock traded down $3.25 on Friday, hitting $60.89. The company had a trading volume of 1,243,925 shares, compared to its average volume of 186,672. The firm has a market cap of $1.85 billion, a P/E ratio of 13.62 and a beta of 1.20. The company has a 50-day moving average price of $62.71 and a 200-day moving average price of $65.77. Gibraltar Industries, Inc. has a twelve month low of $55.31 and a twelve month high of $81.90.

Gibraltar Industries (NASDAQ:ROCK - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The construction company reported $1.01 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.06. The company had revenue of $302.06 million during the quarter, compared to analysts' expectations of $307.93 million. Gibraltar Industries had a return on equity of 13.19% and a net margin of 10.49%. Gibraltar Industries's quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. Equities research analysts expect that Gibraltar Industries, Inc. will post 4.91 EPS for the current year.

Gibraltar Industries Company Profile

Gibraltar Industries, Inc manufactures and provides products and services for the renewable energy, residential, agtech, and infrastructure markets in the United States and internationally. It operates through four segments: Renewables, Residential, Agtech, and Infrastructure. The Renewables segment designs, engineers, manufactures, and installs solar racking and electrical balance of systems for commercial and distributed generation scale solar installations.